At the internal rate of return, the present value of net cash inflows will equal the ________.
A) initial cost of the investment
B) residual value
C) average operating income
D) profit from the project
A) initial cost of the investment
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When a theater sells matinee movie tickets at low prices, it aims to shift some demand from the peak to the off-peak period. What is the strategy that the theater is said to be adopting?
A) It is providing complementary services. B) It is increasing peak-time efficiency. C) It is using linear pricing. D) It is using differential pricing. E) It is sharing services.
Which of the following accounts probably would be greater in amount on an adjusted trial balance than on a trial balance?
A) Wages Payable B) Unearned Revenue C) Prepaid Advertising D) Painting Supplies
Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating Department: Units:Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion.Units started and completed: 250,000.Units completed and transferred out: 330,000.Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion. Costs:Costs in beginning Work in Process - Direct Materials: $37,200.Costs in beginning Work in Process - Conversion: $79,700.Costs incurred in October - Direct Materials: $646,800.Costs incurred in October - Conversion: $919,300. Calculate the cost per equivalent unit of materials.
A. $2.59 B. $2.20 C. $2.33 D. $2.00 E. $1.89
Lifestyle is a product-related variable.
Answer the following statement true (T) or false (F)